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- Agreement to acquire 6% non-operated working interest in Sugarloaf AMI for US$95 million, increasing Aurora's working interest to 21.8% - Sugarloaf AMI is located within the Sugarkane Field, onshore United States, in the liquids rich area of the Eagle Ford shale trend - Acquisition to provide approximately 1,440 additional net acres, increasing Aurora's Sugarkane Field net acreage by 9% to over 17,800 net acres - Acquisition to be funded from existing cash on hand, with planned equity raising to supplement existing cash and debt facilities |
